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Read. Follow. Verify.Idaho House Bill 763 Prohibits Public Entities from Investing in Foreign Adversaries
Last action · March 25, 2026: Take bill off General Orders; referred to Commerce & Human Resources
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What This Bill Proposed
Beginning July 1, 2026, Idaho public entities, s, public pension funds, and university endowments are prohibited from making new investments or depositing public funds in companies, state-owned enterprises, or banks domiciled within designated foreign adversaries.
The measure shifts how public retirement savings and higher education endowment assets are allocated by restricting exposure to specific foreign nations, taking effect for new financial transactions starting July 1, 2026.
- State legislatures across the United States have increasingly introduced bills restricting public pension and state fund investments in foreign adversary nations to address perceived national security risks. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
State-managed funds and public pension administrators
State-managed funds and pension administrators are prohibited from directing new investments or public fund deposits into entities or banks domiciled within designated foreign adversaries.
Public institutions of higher education
Public universities and colleges must comply with investment restrictions regarding their endowments, trusts, and investable assets.
Key Facts
- The Act prohibits state-managed funds from making new investments in foreign adversaries, state-owned enterprises, or companies domiciled within foreign adversaries starting July 1, 2026.
- State-managed funds are prohibited from making new investments or depositing public funds in any bank domiciled or having its principal place of business in a foreign adversary.
- Existing funds invested prior to July 1, 2026, are exempt from the investment prohibition.
- Foreign adversaries are defined using 15 CFR 791.4 as of February 1, 2026, explicitly including China, Cuba, Iran, North Korea, Russia, and the Venezuelan regime of Nicolás Maduro.
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- The definition of governmental entities subject to the rule includes the state, state agencies, political subdivisions, higher education institutions, local governments, and taxing districts.
- State-managed funds explicitly include public pension and retirement funds, rainy day funds, savings accounts, and university or college endowments.
- The legislation specifies that nothing in the chapter interferes with required financial safeguards or fiduciary requirements under applicable federal law.
Frequently Asked Questions
Which entities are restricted from investing in foreign adversaries?
Does the law apply to investments made before July 1, 2026?
Which countries are classified as foreign adversaries under this act?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
4 actions- Mar 25, 2026CommitteeTake bill off General Orders; referred to Commerce & Human Resources
- Mar 9, 2026Reported out of Committee, Recommend place on General Orders
- Feb 26, 2026CommitteeReported Printed and Referred to Commerce & Human Resources
- Feb 25, 2026IntroducedIntroduced, read first time, referred to JRA for Printing
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Establishment of State-Level Foreign Adversary Investment Restrictions
Idaho introduces a comprehensive statutory framework barring public investment capital from flowing into designated foreign adversary enterprises and banks.
Connected Entities
Sources
legislature.idaho.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy65Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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